With the growth of e-commerce. Greatly accelerat Fraud in E-commerce. To know about Anthony by the pandemic. He sector gained the spotlight. If in a way, it encourages more growth in online commerce, on the other hand, it presents an opportunity for scammers. As a result, the number of frauds increased by 74% in 2021.  Almir Bolduan, specialist in artificial intelligence for anti-fraud solutions at Magazord, highlights the transition we are going through, increasingly connected. “The world is increasingly “more digital”. The change of focus from offline to online (forced by the pandemic) brought a lot of good things, but it also attracted the attention of fraudsters, who abuse their creativity to cause harm to others. As if that weren’t enough, constant data leaks make this situation even worse.

Types of Fraud

Friendly fraud and self-fraud. In effective fraud, the scammer makes the purchase in the online Cambodia Email List store and uses the stolen credit card data for payment. As the data is true, this fraud is also known as “clean fraud”. Friendly fraud, on the other hand, happens when someone close to the card owner, such as a child, uses the card data without consent. The holder, without knowing what happened, does not recognize the purchase and requests a refund. Self-fraud, in turn, is when the card holder is the scammer. He makes the purchase using his own card, and after receiving the product or service from the store, he contacts the card administrator to dispute the entry on the invoice, as if he did not recognize the debt.

The problem has a name: Chargeback

Created by card operators to protect Canada Email List consumers when paying with credit or Everything you need debit cards, especially for those cards that do not require password authentication, chargebacks greatly harm Brazilian e-commerce, being the reason why several online stores go out of business. , due to the high number of frauds that occur in the online environment. How does Magazord prevent this? Magazord, always concerned about helping its customers, has developed its own anti-fraud solution for prevention. Through an artificial intelligence system that analyzes more than 130 factors, it also analyzes the customer’s browsing history on the website. It’s Magazord, bringing more security to consumers and retailers. Talk to our Consultants